Sigma-Aldrich beats estimates on higher sales

9:18 AM MDT | October 22, 2013 | Vincent Valk

Sigma-Aldrich today reported third-quarter net income of $119 million, up 6% year-on-year (YOY), on sales up 4%, to $664 million. Adjusted earnings excluding some restructuring charges totaled $1.05/share, ahead of analysts’ consensus estimate of 99 cts/share, as reported by Thomson Reuters (New York). "Our overall organic sales growth in the quarter was the best performance in over two years. All of our business units and geographies contributed to growth in the quarter despite uncertainties in the US federal funding environment. We maintained...